AAR Corp. (NYSE:AIR) Receives $83.50 Consensus PT from Brokerages

Shares of AAR Corp. (NYSE:AIR) have been assigned a consensus rating of “Buy” from the five analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is $83.50.

Several research firms recently issued reports on AIR. Royal Bank of Canada restated an “outperform” rating and issued a $85.00 target price on shares of AAR in a report on Tuesday, September 24th. Stifel Nicolaus dropped their target price on shares of AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, July 19th. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Benchmark reiterated a “buy” rating and set a $83.00 price objective on shares of AAR in a report on Friday, October 4th.

Hedge Funds Weigh In On AAR

Several institutional investors have recently made changes to their positions in AIR. Campbell & CO Investment Adviser LLC acquired a new position in shares of AAR during the fourth quarter valued at about $468,000. Quadrature Capital Ltd raised its holdings in shares of AAR by 77.3% in the 4th quarter. Quadrature Capital Ltd now owns 29,982 shares of the aerospace company’s stock worth $1,870,000 after acquiring an additional 13,075 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in shares of AAR in the 4th quarter worth about $709,000. Vanguard Group Inc. raised its holdings in shares of AAR by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,761,632 shares of the aerospace company’s stock worth $234,726,000 after acquiring an additional 44,948 shares during the last quarter. Finally, Campbell Capital Management Inc. acquired a new stake in shares of AAR in the 1st quarter worth about $1,796,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Stock Performance

Shares of AAR stock opened at $61.54 on Friday. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. AAR has a twelve month low of $54.71 and a twelve month high of $76.34. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 33.81 and a beta of 1.55. The company’s fifty day moving average is $64.21 and its 200 day moving average is $66.66.

AAR (NYSE:AIR) last released its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $661.70 million for the quarter, compared to analyst estimates of $645.60 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. AAR’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. Sell-side analysts forecast that AAR will post 3.63 EPS for the current year.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.